Operator · Canada Oil Sands, China Shale & Duvernay Shale
Shell plc
80 articles mentioning Shell plc · Page 1 of 4
Shell Fourth Quarter, Full Year 2022 Results
Shell plc reported its fourth quarter and full year 2022 results. Chief Executive Officer, Wael Sawan commented: "Our results in Q4 and across the full year demonstrate the strength of Shell's differentiated portfolio, as well as...
Shell CEO van Beurden to Step Down; Wael Sawan Tapped as Successor
Shell plc announced that Ben van Beurden will step down as Chief Executive Officer (CEO) at the end of 2022, and that his successor will be Wael Sawan. Wael’s appointment is effective January 1, 2023*, when...
IKAV To Acquire Aera From Exxon & Shell
IKAV, the international asset management group, has agreed to acquire Aera Energy LLC (“Aera”), through two separate transactions with the joint venture subsidiaries of ExxonMobil and Shell respectively. The transactions are subject to regulatory approval. Aera...
Shell to Move Forward with Jackdaw Gas Field Project in UK North Sea
BG International Limited, an affiliate of Shell U.K. Limited, has taken the final investment decision (FID) to develop the Jackdaw gas field in the UK North Sea, following regulatory approval earlier this year. Jackdaw will comprise...
Energy Firms Exit Russian Projects En Masse, Citing Ukraine Invasion (Updated 3/4/22)
This week, several energy companies have announced that they will be abandoning projects tied with Russia in protest of the country's invasion of Ukraine. Several other firms who have asset connections with Russia are reportedly mulling...
Shell to Exit JV Projects with Gazprom, End Involvement in Nord Stream 2 Pipeline
The Board of Shell plc announced its intention to exit its joint ventures with Gazprom and related entities, as well as end its involvement in the Nord Stream 2 Pipeline project due to Russia's invasion of...
Royal Dutch Shell Changes Name to Shell plc
Shell plc has confirmed its name has changed from Royal Dutch Shell plc to Shell plc. Shell announced the Board's decision to change its name to Shell plc on December 20, 2021. This change has now...
Shell Details Preliminary 4Q21 Results
Shell reported an update to the fourth quarter 2021 outlook. Permian Sale The remaining $5.5 billion of proceeds from the Permian divestment will be distributed in the form of share buybacks at pace. This decision was...
ConocoPhillips Seals Multi-Billion Dollar Deal for Shell's Permian Portfolio
ConocoPhillips has completed its acquisition of Shell Enterprises LLC's prolific Delaware basin position for $8.6 billion in cash (adjusted from $9.5 billion prior to closing). The assets include ~225,000 net acres and producing properties located entirely...
Supermajor Mulling Sale of Permian Basin Portfolio; Could Fetch Up to $10B
Shell is considering selling off its Permian Basin portfolio, according to multiple reports. If a deal is struck, this would only add to the huge upswing in deals seen over the last couple of months. A...
Former Shell U.S. President Jon Hofmeister, 73, Passes Away
Jon Hofmeister, the former president of Royal Dutch Shell's U.S. sector (Shell U.S.), has died, according to a statement made by his family as well as an announcement by Royal Dutch Shell. He was 73. According...
Crescent Point Finalizes $900MM Deal for Shell's Duvernay Assets
Crescent Point Energy Corp. has finalized its $900MM acquisition of Shell Canada Energy's Kaybob Duvernay assets in Alberta. Based on 30,000 boe/d of production, the purchase price reflects an attractive Acquisition metric equating to less than...
Shell Appoints New Company Chairman; Details Other Board Changes
Royal Dutch Shell plc has announced the appointment of Sir Andrew Mackenzie as the new Company Chair. Andrew will succeed Chad Holliday who will step down on May 18 having served as Chair for six years...
Royal Dutch Shell Fourth Quarter, Full Year 2020 Results; 1Q21 Outlook
Shell reported its Q4 2020 results. Income attributable to Royal Dutch Shell plc shareholders amounted to a loss of $4.0 billion for the fourth quarter 2020, which included post-tax impairment charges of $2.7 billion and charges...
Shell to Cut 700 Workers As It Shutters Louisiana Refinery
Royal Dutch Shell will be slimming its workforce by almost 700 as a result of the closure of its Convent Louisiana refinery, according to multiple reports. The layoff process will begin in March 2021 and will...
Shell Canada President to Retire; Pierce Tapped as Successor
Shell Canada reported that its President and Country Chair Michael Crothers has announced he will retire from the company in 2021. Crothers will be succeeded by Susannah Pierce, currently Director of Corporate Affairs, LNG Canada, and...
After Failing to Find Buyer, Shell to Shutter Louisiana Refinery
After failing to find a buyer for its refinery in Convent, Louisiana, Royal Dutch Shell has decided to shut down the facility, according to a report by Reuters. On average, the refinery processed over 211,000 barrels...
Shell Third Quarter 2020 Results
Shell announced reported its Q3 2020 results. Future Strategy The company also detailed a cash allocation framework that will enable it to reduce debt, increase distributions to shareholders, and allow for disciplined growth as it reshapes...
Shell / YPF to Renew Vaca Muerta Development Plan for 2021
Back in 2017, Shell and YPF signed an agreement to develop the Vaca Muerta. The companies reported an update on its program in the play, commenting that the development program is poised to reach 40 Mboe/d....
Shell Appoints New Non-Executive Director
Royal Dutch Shell plc announces that Abraham (Bram) Schot, has been appointed a Non-executive Director of the Company with effect from October 1, 2020. About Schot: Born in 1961, Bram is a Dutch citizen and has...